Dear Fellow Investor
The latest issue of the Quant Value newsletter is available.
In this issue I tell you why falling markets are your best friend and how you can make your highest profits when there is a lot of fear around.
Portfolios holding up very well
So far in 2016 the portfolios are holding up very well with the European portfolio down only 3.1% (index is down 8.7%) and the North American portfolio is down only 0.6% (index is down 5.5%).
And are optimally positioned
And both portfolios are well positioned to profit from current market conditions. The European portfolio is 56% in cash, and the North American portfolio holds 90% cash.
The percentage of your portfolio in cash will of course be different but it gives you an idea of how much of each portfolio (Europe and North America) is invested at the moment.
Average returns still outstanding
On average (since July 2010) 141 European ideas have increased by 29.0% and in North America (since October 2011) the average return of all 92 investment ideas is +16.9%.
This month’s recommendations
In Europe, I am recommending a French holding company mainly of a plastic auto parts supplier (PE = .10.3, EBIT/EV = 17.8%) and a Swedish specialist paper pulp company (PE 6.9, EBIT/EV = 13.7%).
In Asia, I am recommending a very undervalued Japanese manufacturer of entertainment equipment (PE = 10, EBIT/EV = 31.7%, EV/FCF = 7.9).
In North America, I have still not been able to find any attractive investment ideas for you.
You can find more information on the newsletter here: about the Quant Value newsletter
Wishing you profitable investing
Tim du Toit